Mühlbauer Holding AG

euro adhoc: Mühlbauer Holding AG & Co.KGaA
Annual Reports / Mühlbauer: financial year 2003 with a clear increase in profits at 85% (E)

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Roding, March 16, 2004: Prime Standard-listed Mühlbauer Holding AG & Co. KGaA, a worldwide active supplier of innovative solutions for security industries, has completed the financial year 2003 with a clear increase in results and achieved net earnings at 6.5 mill. EUR. This is equivalent to an increase of 85% compared with the previous year (3.5 mill. EUR). Earnings per share had been more than doubled at 0.41 EUR in comparison to 0.20 EUR in 2002. By this, the forecasts of the analysts had been surpassed. The increase in EBIT of 42.9% up to 8.5 mill. EUR (previous year: 6.0 mill. EUR) and a net interest result of 0.9 mill. EUR (2002: - 1.2 mill. EUR) made a contribution to the positive development of the business. Due to this positive development Personally Liable Shareholder and Supervisory Board will propose a dividend of 0.35 EUR (previous year 0.30 EUR) on April 29, 2004.

In 2003 Mühlbauer group achieved an increase in sales of 4.3% up to 95.2 mill. EUR (previous year 91.3 mill. EUR) in spite of a tense economic situation and difficult market conditions. The return on sales had been extended from 5.2% in the previous year to 10% in 2003. The consolidated order income achieved an increase of 15.6% up to 99.3 mill. EUR compared with 2002 (85.9 mill. EUR). At December 31, 2003 the order backlog amounted to 27.8 mill. EUR, compared with 31.8 mill. EUR in the previous year.

The operative cash flow was with 16.1 mill. EUR (previous year 23.4 mill. EUR) on a high level again. Free cash flows amounted to 10.6 mill. EUR compared with 20.5 mill. EUR in 2002. Working capital was reduced from 45.3 mill. EUR in 2002 to 39.6 mill. EUR in the financial year 2003 and the working capital intensity from 49.6% to 41.6%. The gross cash position at 25.3 mill. EUR (2002: 22.8 mill. EUR) ensures the financial stability to realise the strategic targets of the company. Equity ratio increased from 75.9% in the previous year to 78%.

Contact and further informations: Investor Relations, phone: +49 (0) 9461-952-653, fax: +49 (0) 9461-952-8520, investor-relations@muehlbauer.de, Mühlbauer Holding AG & Co. KGaA, Werner-von-Siemens-Str. 3, D-93426 Roding, www.muehlbauer.de

end of announcement            euro adhoc 16.03.2004

Further inquiry note: Christine Meier Tel.: +49 (0)9461 952 653 E-Mail: christine.meier@muehlbauer.de

Branche: Machine Manufacturing
ISIN:      DE0006627201
WKN:        662720
Index:    CDAX, Nemax 50, Prime All Share, Prime Standard, Technologie All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing
              Niedersächsische Börse zu Hannover / free trade
              Berliner Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Hamburger Wertpapierbörse / free trade
              Bremer Wertpapierbörse (BWB) / free trade
              Börse Düsseldorf / free trade
              Baden-Württembergische Wertpapierbörse / free trade

Weitere Meldungen: Mühlbauer Holding AG

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